Petrochemical Headlines
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Petrobras Cancels Fertilizer Plant Contract with Galvao, Sinopec
(Friday, December 19, 2014) Petrobras said on Friday it had canceled a contract with a joint-venture group comprised of China's Sinopec and local engineering company Galvão Engenharia to build a fertilizer plant in Brazil's soybean belt.

Germany Says Wasn't Involved in BASF, Gazprom Dropping Aset Swap
(Friday, December 19, 2014) The swap deal would have given Russia greater access to gas trading and storage in Germany, in return for BASF's oil and gas unit Wintershall getting more stakes in Siberian gas fields.

BASF, Gazprom Cancel Gas Asset Swap Over Political Environment
(Thursday, December 18, 2014) Germany's BASF SE says it has agreed with Russian gas company Gazprom to call off an asset swap that the two firms had planned for the end of this year.

UOP: Propylene Unit Reaches Capacity in Russia
(Wednesday, December 17, 2014) Russia's OOO Tobolsk-Polymer facility, which became the largest Oleflex production unit in the world, is meeting design capacity of 510,000 metric tons annually (MTA) of propylene at its facility in Western Siberia.

Japan to Shut Four Naphtha Crackers for 2015 Turnaround
(Monday, December 15, 2014) A total of four naphtha crackers in Japan are set to enter scheduled maintenance shutdowns in 2015, down from nine this year, industry sources said.

ACC: US Chemical Industry Set to Outpace Overall Economic Growth
(Friday, December 12, 2014) "We're in the midst of an historic expansion, and the U.S. remains the most attractive place in the world to invest in chemical manufacturing," said ACC President and CEO Cal Dooley.

Chevron Phillips Completes Sweeny Ethylene Expansion
(Thursday, December 11, 2014) "This represents the next increment of expansion to our ethylene business," said Dave Smith, olefins & natural gas liquids vice president for Chevron Phillips Chemical.

Alfa Laval Wins S. Korea Heat Exchanger Order
(Tuesday, December 09, 2014) Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply Alfa Laval Packinox heat exchangers to a petrochemical plant in South Korea.

German Chemicals Sector Sees 1.5 Pct Sales Growth in '14 and '15
(Monday, December 08, 2014) German chemicals trade group VCI on Monday said it expected industry revenues to gain 1.5 percent next year and also lifted its sales growth estimate for 2014 to 1.5 percent from 1 percent previously.

Ineos, Sasol Break Ground on Texas HDPE Project
(Monday, December 08, 2014) INEOS Olefins & Polymers USA (INEOS) and Sasol broke ground Friday on their much anticipated high-density polyethylene (HDPE) manufacturing joint venture at the INEOS Battleground Manufacturing Complex in La Porte, Texas.

Saudi's Yansab Says to Shut Ethylene Glycol Plant in April for Maintenance
(Thursday, December 04, 2014) Saudi Arabia's Yanbu National Petrochemicals Co (Yansab) announced on Thursday it would be shutting its ethylene glycol plant in April next year for between 35 and 60 days for planned maintenance.

BASF CEO Sees Completing of Asset Swap with Gazprom by Year-end
(Thursday, December 04, 2014) The chief executive of German chemicals and oil group BASF said he expected a major asset swap deal with Russia's Gazprom to be completed by the end of the year.

India's BPCL to Invest Over $740 Mln in Petrochemicals Push
(Wednesday, December 03, 2014) India's Bharat Petroleum Corp on Wednesday said it will invest 45.88 billion rupees ($741.44 million) to diversify into the petrochemicals business, a move that will help the state refiner expand beyond refining and retailing and boost margins.

Linde Installs Gasifier Vessel at Texas Facility
(Wednesday, December 03, 2014) Linde North America has completed installation of the gasifier vessel, a significant step in the construction of its new gasification train at its La Porte, Texas, facility.

Williams Partners: Geismar Ethylene Production Should Begin Soon
(Tuesday, December 02, 2014) Williams Partners L.P. Tuesday announced its expanded Geismar plant is in the final stages of commissioning and now expects ethylene production for sale to begin in December.

Edeniq, Global Bio-chem Team Up for Commercial Demo Plant
(Tuesday, December 02, 2014) Following a letter of intent forged in July, the companies further cement their cooperation on developing the lowest cost process for converting corn stover to cellulosic sugars for use in the production of bio-based chemical products.

Weatherford Sells Chemicals, Drilling Fluids Units to Lubrizol
(Monday, December 01, 2014) Oilfield services provider Weatherford International says Berkshire Hathaway Inc's Lubrizol Corp would pay $750 million in cash for two businesses that provide chemicals and drilling fluids for oil and gas production.

Hanwha Chemical Drops Review of Buying Dow Chemical Chlorine Biz
(Monday, December 01, 2014) South Korea's Hanwha Chemical is no longer considering buying parts of Dow Chemical's chloro-alkali business, a spokesman for Hanwha Group said on Monday.

South Africa's Sasol Launches 'Biosludge' Fertiliser Project
(Friday, November 28, 2014) South African petrochemicals company Sasol said it opened an industrial plant that converts toxic waste sludge into fertiliser this week, in an effort to stay ahead of new and tighter environmental regulations.

Saudi Sipchem Says Affiliate Restarts Methanol Production
(Wednesday, November 26, 2014) An affiliate of Saudi International Petrochemical Co (Sipchem) has restarted a methanol plant after scheduled maintenance, Sipchem said in a bourse filing on Wednesday.




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